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basically all they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees they don't do that because they have good lives. here in kurdistan is very on klondike people can say that the gold they gather is for personal use for example to make dentures from the precious metal a golden smile here is a symbol of prosperity and is considered the equivalent of a healthy bank deposit. well i don't feel any reverence for gold i mean they bring it to me and i make tea for them i take money for what i do it's just immaterial to me many choose golden teeth to make them more beautiful basically having gold in your mouth is very healthy it helps digestion. with the head of the gold panners family he first met a year ago. twenty grams then. much more modest when the youngest son killed took his life the best in the family had been lost when the started a gram of gold could be sold for a thousand. that's around twenty d
basically all they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees they don't do that because they have good lives. here in kurdistan is very on klondike people can say that the gold they gather is for personal use for example to make dentures from the precious metal a golden smile here is a symbol of...
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Nov 28, 2012
11/12
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KNTV
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cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended up running a 55-page spread of the leader congratulating him for the title. you can understand how that can be confusing, you know, his fashion sense. >> because i'm gullible? >> a little bit of everything. come on. you've got to have found with it. >> the "two and a half men" with thing, should we believe the video where he was live or the pr statement? >> i think we should believe he makes $350,000 an episode and that's enough said. >>> this is from care 11 news in minneapolis, where a wave of baby blue swept through a maternity ward for three days. delivery room doctors shouted it's a boy 19 consecutive times betwee
cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended...
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Nov 28, 2012
11/12
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KGO
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the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters about the rumors. david morrison has a big job. >> iville lun teared to answer the questions the public sends in. >> some of the pivotal scientific questions of our time. >> these are questions about life in the universe. and that went along fine until fours years ago. suddenly i started getting questions about
the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd...
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Nov 26, 2012
11/12
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FOXNEWSW
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that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that could be affected by income in the new year but something to think about if you have something on hand. >> the alternative minimum tax always gets complicated. >> don't sweat it. this is the amt tax. a lot of folks worry about it they haven't had to pay it before. 34 million more american households will be subjected to this ant tax if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still
that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that...
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Nov 26, 2012
11/12
by
KRON
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this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy privately owned make the brent urban decay. the deal, estimated to be about $300 million, will millionl oreal another entry into the fast-growing area of special is brest, which is says represents 44% area of special is brest, which is saylook at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you'r
this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy...
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Nov 24, 2012
11/12
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FBC
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let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new
let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that...
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Nov 28, 2012
11/12
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FBC
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eye 105
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a ar less impressive electoral victory this year. let's look at the legislative branch, th senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there ar
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Nov 26, 2012
11/12
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FBC
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 21, 2012
11/12
by
CSPAN
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consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a variety of tax and exclusions and deductions that are scaled back modestly and that's about it. >> it scaled-back means capt. someone, i agree completely. ." >> i think we will see some of those things rolled back. i think the top rate will be in between 39 and 45%. >> we have some common ground among our economists where we will end up. thank you for joining us and thank you all. i appreciate the pedersen foundation to participate. >> as i have contemplated how the burlington -- the meeting to close, i remember a nobel prize winner at the university of chicago where it was
consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a...
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Nov 29, 2012
11/12
by
KOFY
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taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time since the election, president obama will meet privately with the man he beat in the race for president, mitt romney. they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, fami
taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time...
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Nov 27, 2012
11/12
by
KICU
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if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will find a cyber monday tab with information on protecting yourself whenever you shop online including the top 10 internet scams to avoid. >>> before the rain gets here we've got some fog to contend with. we had a bunch of fog this morning and we're going to have a bunch of fog ben tomorrow -- fog again tomorrow morning. we have fog out toward san rafael, out toward black point area. the overnight low will get you fog as well. the recent rain and fog on the ground. the moisture now is cooling. as it cools to that dewpoint we get fog. it will impact your morning commute just as it did this morning. there was a dense fog a
if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will...
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Nov 24, 2012
11/12
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CNNW
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a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama
a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one...
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Nov 27, 2012
11/12
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CNBC
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tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holida
tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before....
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Nov 28, 2012
11/12
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CURRENT
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eye 150
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how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative. he's a blue dog. he wants to do the same plan the republicans want to do, just a little lighter. so what's on the -- what do we know about this grand bargain and what's still on the block? first of all cutting medicare. unquestionably, no question, it has been offered in every single deal, it is offered up now, dick durbin is still talking about how they call it reform. they're cutting it, cutting it, cutting medicaid, unquestionably, that has been offered every single time and they'll cut it. they are going to lower corpor
how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative....
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Nov 27, 2012
11/12
by
KTVU
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eye 245
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if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will find a cyber monday tab with information on protecting yourself whenever you shop online including the top 10 internet scams to avoid. >>> before the rain gets here we've got some fog to contend with. we had a bunch of fog this morning and we're going to have a bunch of fog ben tomorrow -- fog again tomorrow morning. we have fog out toward san rafael, out toward black point area. the overnight low will get you fog as well. the recent rain and fog on the ground. the moisture now is cooling. as it cools to that dewpoint we get fog. it will impact your morning commute just as it did this morning. there was a dense fog a
if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will...
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rate for corporations and we have the lowest of the second lowest tax rate factor tax rate for the top one percent you get people like mitt romney who are paying fifteen percent in income taxes you know no but you know again that's unfair because as dr america to raise more than that and he was giving were. percent of his income to charities. and that makes up for it therefore we shouldn't charge him taxes come on down i mean look at that capital gains is much different than ordinary and if we want to put yeah you don't have to work to get it just so it lands we have to make it we have to make it competitive for people to learn to invest but you people are not going to invest with all of this uncertainty in with the growing cost going into the business the certain affairs government wants to kill people like ok. you know i hope you're well defended if the government's going to get you thanks a lot for being with us they think for having you can talk. now on to some health care and it is residents of cook county illinois are about to see some significant new benefits thanks to president
rate for corporations and we have the lowest of the second lowest tax rate factor tax rate for the top one percent you get people like mitt romney who are paying fifteen percent in income taxes you know no but you know again that's unfair because as dr america to raise more than that and he was giving were. percent of his income to charities. and that makes up for it therefore we shouldn't charge him taxes come on down i mean look at that capital gains is much different than ordinary and if we...
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867
Nov 28, 2012
11/12
by
COM
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. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the space is at the bottom not up
. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off...
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139
Nov 23, 2012
11/12
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MSNBCW
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eye 139
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so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell or high water when people are paying their taxes april 15th or is there negotiating room ahead? >> no, that's kind of exactly the point. any changes that are made once we go over the cliff will be pret throw active. when you sit down in april of 2014 to fill out your taxes for 2013, they will be taxes that reflect all the agreements that will ultimately solve this thing and i am confident that we will ultimately solve it, i'm just not sure we'll solve it on december 31st. even the withholding tables, your paycheck should actually reflect the higher taxes that set in once we go over the cliff. the
so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell...
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Nov 22, 2012
11/12
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FOXNEWSW
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eye 192
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>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-
>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to...
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133
Nov 28, 2012
11/12
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KNTV
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eye 133
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education tax credits and other credits for low income families. also, federal aid education, agriculture subsidies will be reduced if not eliminated, at least for the time being. between higher taxes and dramatic reductions, everyone, i mean everyone will fall over that fiscal cliff. >> you have two camps out there. some are saying let's push it to the end and don't move. other people are fearful that we will go over the cliff. so are we going to have an agreement? >> it's more clear than ever that both sides get it. i mean they understand the severity of the problem. it's equally clear near side wants to give more than they have to. they are likely the to reach an agreement, but not before the last possible moment. expect brinkmanship like you've never seen it before. >> that sounds menacing. i'm sure we're going to be talking about this cliff a lot more. >>> president obama wants to nominate un ambassador susan rice for secretary of state. that's the takeaway from a highly anticipated meeting between rice and john mccain and lind sai gram. they'
education tax credits and other credits for low income families. also, federal aid education, agriculture subsidies will be reduced if not eliminated, at least for the time being. between higher taxes and dramatic reductions, everyone, i mean everyone will fall over that fiscal cliff. >> you have two camps out there. some are saying let's push it to the end and don't move. other people are fearful that we will go over the cliff. so are we going to have an agreement? >> it's more...
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Nov 25, 2012
11/12
by
KRON
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eye 186
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among those, the urban institute. >> on wednesday the say that it is the tax payer tax break. however, the flip side is that if the tax deduction will encourage them to give more to charity? to be the ultimate beneficiary. not the taxpayer, but the ultimate recipient of a charitable gift. >> 1 this would limit the amount of the wealthiest americans could write out on a charitable donations to 28 percent of their contributions instead of the current 35%. and an idea right now would get rid of the charitable donations for most taxpayers and replace it with a 12% flat rate. either would have an impact on major institutions that rely on big donations like hospitals and universities. >> let me give you an example, this 1% decline in giving to american higher education would with salt and a loss of $300 million per year to colleges in the universities. the nonprofits have newt a new lobbying offered on his website to contact director not members of congress. with over 60 percent are opposed to making changes according to this gallup poll from last year. washington is running out of
among those, the urban institute. >> on wednesday the say that it is the tax payer tax break. however, the flip side is that if the tax deduction will encourage them to give more to charity? to be the ultimate beneficiary. not the taxpayer, but the ultimate recipient of a charitable gift. >> 1 this would limit the amount of the wealthiest americans could write out on a charitable donations to 28 percent of their contributions instead of the current 35%. and an idea right now would...
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like as americans we're really helpless looking at our government sponsor this occupation with our tax dollars and we pay over three billion dollars in military aid for israel what can we do and how can people get involved. but i sense a really great question and i think part of the initiative i'm currently living in new york and part of the initiatives i'm involved in is really reaching out to the american public educating the american public about. their complicit role and often direct role and as he said not only does the united states sponsor israel militarily every three billion dollars a year it also feels every u.n. resolution that challenges the exclusive jewish israeli law over israel and palestine. and it really is the last sort of stronghold that israel has i think europe has become much more critical and i think it's really important to educate the american public about where their tax dollars are coming from and what there are many companies in fact multinational corporations american corporations that are invested in the occupation itself and that actually profit from the
like as americans we're really helpless looking at our government sponsor this occupation with our tax dollars and we pay over three billion dollars in military aid for israel what can we do and how can people get involved. but i sense a really great question and i think part of the initiative i'm currently living in new york and part of the initiatives i'm involved in is really reaching out to the american public educating the american public about. their complicit role and often direct role...
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Nov 29, 2012
11/12
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the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are very difficult to reduce or eliminate, but it would be the right thing to do for our economy. i do think we have seen some signs of developing bipartisan consensus on this issue, and i'm hopeful that we will see the same movement for pro growth individual tax reform because reforming the entire code is critical to regaining competitiveness, spurring growth and producing the revenues we need to pay for important public priorities. the smart way to raise revenue then is not through tax rate hikes that threaten to shrink our economy but rather thoughts u tax reform designed to help grow the economy.
the solution is tax reform that broadens the tax base by scaling back tax preferences and cutting the corporate rate. we could cut it to 25%, scale back the deductions, the credits, the exemptions and have a competitive territorial system and have it all be revenue neutral. there is such a proposal that has been scored by the joint committee on taxation here in congress. we know we can do it. we're not saying it's easy. some of these preferences of course on these loopholes are ones that are...
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see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipt. because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country's gone completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's saying no no we don't want to be a part of the euro zone is antagonistic toward his men his his boss and angela merkel you know these antagonistic who's going to be buying the bonds of the u.k. to finance their economy going forward not the arrows oh no no no who's going to be buying these bonds ok are they going to sell the tower of london for ten cents on the dollar so buckingham palace for fifty billio
see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipt. because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they...
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we've got quite entrenched positions between the house republicans and the white house over raising taxes in particular will go over the cliff but then probably they'll be a deal in the first quarter of some sort you know but the white there's a very wide range of uncertainty there are based cases that will have a one and a half percent of g.d.p. tightening fiscal policy rather than the five percent that's written into the current budget arithmetic so that's going to be enough to keep growth in the u.s. just positive whereas if we have the full five percent we're going to a full blown recession in the u.s. which of course will hit the rest of the world too chris you know i think this whole issue is going to run right up to the end of march because not only do we have fiscal cliff and the end of this year but we also have to be incredibly new agreement on two thousand and fourteen budget on debt policy and agreement to really have to raise the debt ceiling all of which should roll into february march so i think this whole issue is going to remain unresolved right through to the end of firs
we've got quite entrenched positions between the house republicans and the white house over raising taxes in particular will go over the cliff but then probably they'll be a deal in the first quarter of some sort you know but the white there's a very wide range of uncertainty there are based cases that will have a one and a half percent of g.d.p. tightening fiscal policy rather than the five percent that's written into the current budget arithmetic so that's going to be enough to keep growth in...
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Nov 24, 2012
11/12
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the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that. this is about making political commitments, something politicians have to and should do. my own preference is not written pledges, but in fact, people who say this is what i believe and follow through on it. i think one thing it did do is focus its attention, which is still under discuss. we have an enormous spending problem, it's about entitlement problem. what the president was forced some recognition that the threshold decision is to spend the money. >> ethan, your reaction to this whole idea that norquist keeps saying, it's about taxes for him, but also about po
the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that....
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Nov 28, 2012
11/12
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how come he is so influential tax >> he did released three albums but they completely real imagine what the electric guitar could do. people are still exploring what he laid out in those records. it also does not heard he was flamboyant, as flamboyant as he was gifted. he died tragically young. >> he has been described as number one. aru else is a distant number 2. >> he continues to be the mountaintop. he tops every magazine poll. you are right. everybody is a distant number 2. his contemporaries knew this. when he came to london, eric clapton, pete townshend saw him play. people were aghast at his incredible ability, and the volume. >> what was it he did with his electric guitar that was so new? i'm talking about the music. >> well, leaving aside the theatrics, which he did was explorer feedback in a way no one had. he pushed the guitar passed limits that people understood it to have. his sound is one that what he played and the screeching noise as he could conjure and control. he recreated the instrument and it showed what his possibilities were. >> you have to talk about his physica
how come he is so influential tax >> he did released three albums but they completely real imagine what the electric guitar could do. people are still exploring what he laid out in those records. it also does not heard he was flamboyant, as flamboyant as he was gifted. he died tragically young. >> he has been described as number one. aru else is a distant number 2. >> he continues to be the mountaintop. he tops every magazine poll. you are right. everybody is a distant number...
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there's a tax this is the g.s.t. which was a seven percent tax and gold and silver has now been removed as of october and as a result the freeport city has been extended by i think fifty thousand square meters because it. looks like what this trend of wealthy people are adding to their gold and silver positions it seems strong the evidence that we have that they're doing so pretty aggressively but now so too are the big hedge funds like the george soros he has been in and out of gold he just was back in in a very big way john paulson another hedge fund who's big in gold the central bank since two thousand and nine have been net buyers of gold increasing their positions radically at the same time jan squirrels we have people who are buying bonds so there's a fair trade going on be the people are afraid of the global financial catastrophe and they're buying gold that makes sense but they're also buying bonds at three hundred year highs here in the u.k. are two hundred forty year highs in america something's got to give
there's a tax this is the g.s.t. which was a seven percent tax and gold and silver has now been removed as of october and as a result the freeport city has been extended by i think fifty thousand square meters because it. looks like what this trend of wealthy people are adding to their gold and silver positions it seems strong the evidence that we have that they're doing so pretty aggressively but now so too are the big hedge funds like the george soros he has been in and out of gold he just...
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people who weren't getting any better off would rise from tax rate the tax rate tax rate so fast that over the course of that decade the nineteen seventies a typical earner someone earning the average wage would start at the beginning of the decade paying a twenty or twenty two percent rate and in the decade paying a forty percent marginal rate no surprise taxes were a very important issue for middle class americans in the seventy's and eighty's today eighty percent of americans pay more in payroll taxes than they do in income taxes unsurprisingly they don't respond to a message that is about income taxes and if you keep talking the most about income taxes you're talking to the most something that isn't relevant to their lives meanwhile their wages are stagnating in large part because the incredibly rising cost of health insurance devour wages before the employees get the last point on this there's we talked about this last time i was on your show before the crash in the in the two thousand during the expansion the cost of labor to employers rose by about twenty five percent but wages
people who weren't getting any better off would rise from tax rate the tax rate tax rate so fast that over the course of that decade the nineteen seventies a typical earner someone earning the average wage would start at the beginning of the decade paying a twenty or twenty two percent rate and in the decade paying a forty percent marginal rate no surprise taxes were a very important issue for middle class americans in the seventy's and eighty's today eighty percent of americans pay more in...
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Nov 29, 2012
11/12
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we don't want to raise taxes on anybody. so i think the best thing to do is to take that issue off the table early. >> reporter: but speaker boehner quickly shot down the idea. >> i told tom earlier in our conference meeting that i disagreed with him. >> reporter: speaker boehner's aides described the talks with the white house today as business-like. they say they're in communication all the time. and that the fact that speaker boehner himself isn't sitting down with the president shouldn't be taken as a sign that talks aren't progress, scott. >> pelley: time is running, thanks, nancy. we've been get a lot of encouraging news about the economy lately and we got more today. in its most recent survey, the federal reserve found that consumer spending and economic growth are up in all regions of the country except those affected by hurricane sandy. moving on now to syria's civil war. at least 34 people were killed today when two car bombs ripped through a suburb of damascus. syria's assad dictatorship has been trying to crush a
we don't want to raise taxes on anybody. so i think the best thing to do is to take that issue off the table early. >> reporter: but speaker boehner quickly shot down the idea. >> i told tom earlier in our conference meeting that i disagreed with him. >> reporter: speaker boehner's aides described the talks with the white house today as business-like. they say they're in communication all the time. and that the fact that speaker boehner himself isn't sitting down with the...
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Nov 26, 2012
11/12
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 26, 2012
11/12
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reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again. >> house republicans are planning to bring in on wednesday a number of c.e.o.'s of caterpillar, goldman sachs and all state and other key players on fiscal includes including erskine bowles co-author of the simpson-bowles and the republicans want the business community to hear their ideas and make the case a big deal should include spending cuts and reforms. >>shepard: thank you, mike, from capitol hill. grover norquist will join neil cavuto next hour and talk about breaking the anti-tax pledge by some republicans. >> the generation leader who brokered the
reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again....
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Nov 28, 2012
11/12
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CURRENT
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they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really hoping some of them that mitt romney might win the election and get some of these things done without them having to go public but now, as we just saw lloyd blankfein and others are going on a public campaign to convince americans we can't afford social safety net programs and they need a windfall and tax breaks. the spirit of giving is a little hard to find among some of them. >> eliot: bill, you have been critical of your former brethren on wall street. you've been rational. you have to admit they're not the best messengers for this right now. >> they're terrible messengers. i don't really
they're for tax changes that would save their companies over $100 billion a year. to take a hard look at the views these ceos are espousing let's bring in bill cohen bloomberg view columnist and author of "money and power" how goldman sachs came to rule the world. and lynn, let me start with you is this campaign to fix the debt just a trojan horse behind which the ceos are trying to implement? things that would be really good for them? >> i think it is. i think they were really...
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Nov 23, 2012
11/12
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value that seems incredibly inflated when they are written down on charity tax returns. take the spca international, a group that's raised $27 million to supposedly help soldiers and their pets. the group's manager wouldn't tell us anything about the money. >> no, i'm not going to reveal that. none of it. i can't answer any of your questions right now. believe me, i would love to. >> reporter: but on its tax returns, we did learn about a shipment of animal medicines the spca international donated to an animal welfare group in nepal. cnn was provided with the invoice. it shows an itemized list of drugs that the charity values at $816,000, a huge gift in kind. but when the gift arrived in nepal, the charity receiving the drugs valued them for customs purposes at a mere $2,500. tidwell arranged the shipment. how can it be $816,000 here and $2,500 there? >> the value that's placed on something according to law is placed according to the exit market. it would be what you would have to pay for it in the place that it's exiting. and the -- the fact that they might be able to pu
value that seems incredibly inflated when they are written down on charity tax returns. take the spca international, a group that's raised $27 million to supposedly help soldiers and their pets. the group's manager wouldn't tell us anything about the money. >> no, i'm not going to reveal that. none of it. i can't answer any of your questions right now. believe me, i would love to. >> reporter: but on its tax returns, we did learn about a shipment of animal medicines the spca...